How does facilitating the reuse of abandoned, vacant, and tax-delinquent properties work?
The process of facilitating the reuse of disinvested properties
involves identifying reinvestment opportunities, acquiring and
stabilizing disinvested properties, disposing of properties for
or redevelopment, and coordinating reinvestment
decisions to meet local affordable housing needs and other strategic
goals. Both small and large changes can help communities to
achieve a more deliberate and streamlined system for converting blight
into community assets.
Some communities use a unified database of property tax arrears, code
violations, and other signs of distress to help identify properties
that are abandoned or at risk of abandonment. Communities have
streamlined the acquisition and stabilization of disinvested properties
through reforms that reduce the timeline for tax foreclosures or
through the use of innovative tools such as voluntary conveyance (a
program in which property owners can give or sell blighted properties
to the municipality and be released from outstanding municipal liens)
or vacant property receivership (a court-monitored appointment of a
non-profit or mission-driven organization to stabilize or even
substantially rehabilitate a disinvested property before the title is
Reforms to the tax foreclosure process that allow properties to be transferred with a
clear, marketable title
can facilitate the disposition of disinvested
properties. Communities can also alter property disposition
requirements to allow and encourage the reuse of properties for
affordable housing and other community development needs.
An increasing number of communities have created a land bank
streamline the entire reinvestment process (acquisition, management,
and disposition) and ensure that property disposition decisions match
with local priorities and strategic goals.
|Click on the links below to learn more about how to facilitate the reuse of abandoned, vacant, and tax-delinquent properties:|
Reduce barriers to the reuse of abandoned properties
State and local governments can foster the reuse of
abandoned properties by reducing lengthy tax foreclosure processes and
allowing properties to leave foreclosure with a clear, marketable title.
Manage the acquisition and disposition of abandoned properties as part of a comprehensive strategy
A coordinating body, such as a land bank, can be a useful tool for
prioritizing communities' goals while effectively managing property
acquisition and disposition.
Use abandoned, vacant, and tax-delinquent properties to create affordable homes
Although disinvested properties are often used for community economic
development, using at least some properties to create affordable homes
may benefit the community both now and in the long run.
Click here to view other resources on facilitating the reuse of abandoned, vacant, and tax-delinquent properties.